Jiangsu SINOJIT Wind Energy Technology Co (SHSE:601218) ROCE % : 2.65% (As of Mar. 2024)

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What is Jiangsu SINOJIT Wind Energy Technology Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Jiangsu SINOJIT Wind Energy Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.65%.

Jiangsu SINOJIT Wind Energy Technology Co ROCE % Historical Data

The historical data trend for Jiangsu SINOJIT Wind Energy Technology Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jiangsu SINOJIT Wind Energy Technology Co ROCE % Chart

Jiangsu SINOJIT Wind Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.86

10.38

8.04

6.34

5.22

Jiangsu SINOJIT Wind Energy Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.73	6.37	6.53	5.36	2.65

Jiangsu SINOJIT Wind Energy Technology Co ROCE % Calculation

Jiangsu SINOJIT Wind Energy Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	172.03	/	( ( (3867.834 - 584.547)	+	(3739.081 - 436.328) )	/ 2 )
	=	172.03	/	( (3283.287	+	3302.753)	/ 2 )
	=	172.03	/	3293.02
	=	5.22 %

Jiangsu SINOJIT Wind Energy Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	87.62	/	( ( (3739.081 - 436.328)	+	(3754.286 - 452.101) )	/ 2 )
	=	87.62	/	( ( 3302.753	+	3302.185 )	/ 2 )
	=	87.62	/	3302.469
	=	2.65 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Jiangsu SINOJIT Wind Energy Technology Co (SHSE:601218) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Jiangsu SINOJIT Wind Energy Technology Co (SHSE:601218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu SINOJIT Wind Energy Technology Co Ltd (SHSE:601218) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8, Naxiang Road, Yunting Street, Jiangsu, Jiangyin, CHN, 214422

Website

http://www.sinojit.com

Jiangsu SINOJIT Wind Energy Technology Co Ltd is a China-based company which is engaged in the research, development, manufacture and distribution of wind turbine parts. It provides wind turbine wheel hubs, bases, girders, bearing seats and other wind power casting products. The company's main brand is SINOJIT. The company distributes its products in domestic and to overseas markets.

Executives

Zou Ze Hua	senior management
Bao Shi Jin	Director
Zhou Yi Zhong	senior management
Xi Qing Bin	senior management
Hua Yong Luo	Director
Bao Zhen Hua	Director
Lu Wei Zhong	senior management
Zhuang Yu Liang	senior management
Wang Qiang	Supervisors
Chen Yu Fang	Supervisors

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